There's no doubt that money can be made by owning shares of unprofitable businesses. By way of example, Latin Resources (ASX:LRS) has seen its share price rise 173% over the last year, delighting many shareholders. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly.

Given its strong share price performance, we think it's worthwhile for Latin Resources shareholders to consider whether its cash burn is concerning. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'.

Check out our latest analysis for Latin Resources

When Might Latin Resources Run Out Of Money?

A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. In June 2021, Latin Resources had AU$2.8m in cash, and was debt-free. Looking at the last year, the company burnt through AU$3.8m. That means it had a cash runway of around 9 months as of June 2021. To be frank, this kind of short runway puts us on edge, as it indicates the company must reduce its cash burn significantly, or else raise cash imminently. The image below shows how its cash balance has been changing over the last few years.

How Is Latin Resources' Cash Burn Changing Over Time?

While Latin Resources did record statutory revenue of AU$154k over the last year, it didn't have any revenue from operations. To us, that makes it a pre-revenue company, so we'll look to its cash burn trajectory as an assessment of its cash burn situation. Its cash burn positively exploded in the last year, up 262%. Given that sharp increase in spending, the company's cash runway will shrink rapidly as it depletes its cash reserves. Admittedly, we're a bit cautious of Latin Resources due to its lack of significant operating revenues. So we'd generally prefer stocks from this list of stocks that have analysts forecasting growth.

Can Latin Resources Raise More Cash Easily?

Since its cash burn is moving in the wrong direction, Latin Resources shareholders may wish to think ahead to when the company may need to raise more cash. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. Many companies end up issuing new shares to fund future growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.

Since it has a market capitalisation of AU$57m, Latin Resources' AU$3.8m in cash burn equates to about 6.6% of its market value. That's a low proportion, so we figure the company would be able to raise more cash to fund growth, with a little dilution, or even to simply borrow some money.

How Risky Is Latin Resources' Cash Burn Situation?

Even though its increasing cash burn makes us a little nervous, we are compelled to mention that we thought Latin Resources' cash burn relative to its market cap was relatively promising. Looking at the factors mentioned in this short report, we do think that its cash burn is a bit risky, and it does make us slightly nervous about the stock. Separately, we looked at different risks affecting the company and spotted 5 warning signs for Latin Resources (of which 3 can't be ignored!) you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies insiders are buying, and this list of stocks growth stocks (according to analyst forecasts)

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

RADNOR, PA / ACCESSWIRE / September 11, 2021 / The law firm of Kessler Topaz Meltzer & Check, LLP announces to Piedmont Lithium Inc. f/k/a Piedmont Lithium Limited (NASDAQ:PLL) ("Piedmont") investors that a securities fraud class action lawsuit has been filed on behalf of those who purchased or acquired Piedmont securities between March 16, 2018 and July 19, 2021, inclusive (the "Class Period").

Deadline Reminder: Investors who purchased or acquired Piedmont securitiesduring the Class Period may, no later than September 21, 2021, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453; toll free at (844) 887-9500; via e-mail atinfo@ktmc.com; orclick https://www.ktmc.com/piedmont-lithium-class-action-lawsuit?utm_source=PR&utm_medium=Link&utm_campaign=piedmont

Piedmont engages in the exploration and development of resource projects. Piedmont primarily holds a 100% interest in a lithium project covering 2,322 acres in the North Carolina. Throughout the Class Period, Piedmont informed investors regarding its plan for completing necessary permitting and zoning activities required to commence mining and processing operations in North Carolina.

The truth began to emerge on July 20, 2021. Before market hours, Reuters published an article entitled "In push to supply Tesla, Piedmont Lithium irks North Carolina neighbors" which reported the following, in pertinent part, regarding Piedmont's regulatory issues in North Carolina: (1) Piedmont had not applied for a state mining permit or a necessary zoning variance in Gaston County, just west of Charlotte, despite telling investors since 2018 that it was on the verge of doing so; (2) five of the seven members of the county's board of commissioners, who control zoning changes, said they may block or delay the project; and (3) Piedmont had been set to meet with commissioners in March, but canceled with three days' notice, further straining the relationship.

Following this news, Piedmont shares fell $12.56 per share over the trading day, or nearly 20%, to close at $50.52 per share on July 20, 2021.

The complaint alleges that throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) Piedmont had not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (2) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (3) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (4) Piedmont and its lithium business did not have "strong local government support"; and (5) as a result, the defendants' public statements were materially false and/or misleading at all relevant times.

Piedmont investors may, no later than September 21, 2021, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. In order to be appointed as a lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.

CONTACT:

Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
280 King of Prussia Road
Radnor, PA 19087
(844) 887-9500 (toll free)
info@ktmc.com

SOURCE: Kessler Topaz Meltzer & Check, LLP

View source version on accesswire.com:
https://www.accesswire.com/663588/PLL-DEADLINE-REMINDER-Kessler-Topaz-Meltzer-Check-LLP-Important-September-21-2021-Deadline-Reminder-for-Piedmont-Lithium-Inc-Investors

SAN FRANCISCO, Sept. 11, 2021 (GLOBE NEWSWIRE) — Hagens Berman urges Piedmont Lithium Inc. (NASDAQ: PLL) investors with significant losses to submit your losses now.

Class Period: Mar. 16, 2018 – July 19, 2021
Lead Plaintiff Deadline: Sept. 21, 2021
Visit: www.hbsslaw.com/investor-fraud/PLL
Contact An Attorney Now:
PLL@hbsslaw.com
844-916-0895

Piedmont Lithium Inc. (PLL) Securities Fraud Class Action:

The complaint alleges that Defendants misrepresented and concealed material information concerning Piedmont’s progress toward obtaining necessary permits and zoning variances to build a large lithium mine in Gaston County, North Carolina.

Specifically, Defendants failed to disclose that Piedmont: (1) has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits, (2) did not inform relevant government authorities of its actual plans, (3) did not file proper applications with state and local authorities, and (4) did not have “strong local government support.”

On July 20, 2021, investors began to learn the truth when Reuters reported that (1) Piedmont had not even applied for the necessary mining permit or zoning variances, (2) five of the seven members of the Gaston County’s board of commissioners, who control zoning changes, say they may block or delay the project because Piedmont has not told them what levels of dust, noise and vibrations will occur, nor how water and air quality would be affected, and (3) the relationship between the company and county officials is increasingly strained.

These events sent the price of Piedmont American Depository Shares sharply lower.

Most recently, on Aug. 6, 2021, Reuters reported the Gaston County Commissioners unanimously approved a 60-day mining moratorium and said the company “cannot be trusted” to protect the health, safety, and welfare of citizens. Reuters also reported an outside adviser to the Commissioners informed them that a mine of this size was never anticipated in the development regulations.

“We’re focused on investors’ losses and proving Piedmont concealed known building permit and zoning risks posed by the Gaston County mine,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in Piedmont Lithium and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Piedmont Lithium should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email PLL@hbsslaw.com.

About Hagens Berman
Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:
Reed Kathrein, 844-916-0895

(Bloomberg) — Plant workers at a Codelco mine in Chile agreed to end a strike while union members at a BHP Group mine will vote a new wage proposal in the latest signs of easing labor tensions in the top copper-producing nation.

Codelco reached a deal to end a more than three-week-long stoppage by members of the Suplant union at its Andina mine, the state-owned company said Friday.

At BHP’s Cerro Colorado mine, workers will vote on the new offer Saturday after the two negotiating teams hammered out terms in mediated talks this week, the union said in a text message. Voting is scheduled to conclude at 4 p.m. Santiago time.

The breakthroughs follow strike-ending agreements earlier this month with the two main unions at Andina and at a mine owned by JX Nippon Mining & Metals. Chile is coming toward the end of an intense period of contract renewals, with the industry so far managing to avoid stoppages at top-tier mines such as Escondida and El Teniente.

To be sure, there is still a possibility of a stoppage at Codelco’s smallest mine, Salvador. Workers used high copper prices and profits as leverage in the talks while companies looked to contain labor costs in a cyclical industry that has seen input prices start to rise.

More stories like this are available on bloomberg.com

Subscribe now to stay ahead with the most trusted business news source.

©2021 Bloomberg L.P.

TORONTO, Sept. 10, 2021 (GLOBE NEWSWIRE) — MacDonald Mines Exploration Ltd. (TSX-V: BMK, OTC: MCDMF) (“MacDonald Mines” or the “Company”) announces that Mia Boiridy has resigned from the Company’s Board of Directors effective September 9, 2021.

About MacDonald Mines Exploration Ltd.
MacDonald Mines Exploration Ltd. is a mineral exploration company headquartered in Toronto, Ontario that trades on the TSX Venture Exchange under the symbol "BMK".

The Company is focused on developing its 100%-owned SPJ Project in Northern Ontario. Following up on its successful 2019/20 exploration and drilling campaigns, MacDonald Mines is focused on what it theorizes to be a large gold system at work on the 18,340 ha property with high-grade gold surrounding the past-producing Scadding Gold Mine and gold/polymetallic mineralization over several kilometres around it.

To learn more about MacDonald Mines, please visit www.macdonaldmines.com

For more information, please contact:

Stuart Adair, CEO, sadair@macdonaldmines.com

COEUR D'ALENE, Idaho, September 10, 2021–(BUSINESS WIRE)–Hecla Mining Company’s (NYSE:HL) President and CEO, Phillips S. Baker, Jr., will present at the Gold Forum Americas on Monday, September 13, 2021, at 1:30 p.m. (ET). A recorded webcast and presentation materials will be available at https://www.goldforum.live/DGG/Hecla-Mining and also on the Company’s website at www.hecla-mining.com.

ABOUT HECLA

Founded in 1891, Hecla Mining Company (NYSE:HL) is the largest silver producer in the United States. In addition to operating mines in Alaska, Idaho and Quebec, Canada, the Company owns a number of exploration properties and pre-development projects in world-class silver and gold mining districts throughout North America.

Category: Press Release

View source version on businesswire.com: https://www.businesswire.com/news/home/20210910005549/en/

Contacts

Jeanne DuPont
Senior Communications Coordinator

800-HECLA91 (800-432-5291)
Investor Relations
Email: hmc-info@hecla-mining.com
Website: www.hecla-mining.com

DENVER, CO / ACCESSWIRE / September 10, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company", "We", "Our" or "GRC") will be presenting at The Gold Forum Americas / XPL-DEV 2021 Conference, which is being held in Colorado Springs, CO September 12-15, 2021.

Allen Palmiere, President and Chief Executive Officer will provide a brief overview of the Company's business and describe for listeners the rationale for our recent announcement regarding the acquisition of Aquila Resources during a live presentation scheduled to occur on Monday, September 13, 2021, at 11:20 am Mountain Time (1:20 pm Eastern Time). GRC will also participate in one-on-one meetings with investors who are registered to attend the conference.

If you would like to listen to the Company's presentation, please click on the following link:

Webcast: goldforum.info/?e59play-virtual54.

About GRC:

Gold Resource Corporation is a gold and silver producer, developer, and explorer with current operations in Oaxaca, Mexico. Under the direction of a new board and senior leadership, the Company focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine, to close our acquisition of Aquila Resources Inc., and to develop the Back Forty Project in Michigan, USA. For more information, please visit GRC's website, located at www.goldresourcecorp.com and read the Company's 10-K for an understanding of the risk factors involved.

For further information please contact:
Ann Wilkinson
Vice President, Investor Relations and Corporate Affairs
Ann.Wilkinson@GRC-USA.com
www.goldresourcecorp.com

SOURCE: Gold Resource Corporation

View source version on accesswire.com:
https://www.accesswire.com/663608/Gold-Resource-Corporation-Attending-The-Gold-Forum-Americas-XPL-Dev-2021-Conference

Vancouver, British Columbia–(Newsfile Corp. – September 10, 2021) – NORTEC MINERALS CORP. (TSXV: NVT) (the "Company" or "Nortec"): Further to the Company's news release of July 13, 2021, the Company advises that it has been unable to complete its previously disclosed non-brokered private placement. Consequently, Nortec was unable to renew the unpatented mining claims for the Cottonwood Uranium-Vanadium Project located in Garfield County, Southeast Utah, USA.

Nortec is currently evaluating new opportunities in the mining sector and will provide a further corporate update if and when such opportunities have materialized.

"Michael Malana"
Interim CEO, CFO and Director
P: (604) 561-2687

NORTEC MINERALS CORP.

About Nortec Minerals Corp.
Nortec is a mineral exploration company based in Vancouver, British Columbia. Nortec has a 17% interest in the Tammela Gold and Tammela Lithium projects in Southwest Finland. Detailed information on this project is posted on the Company's website www.nortecminerals.com.

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release. This press release contains certain forward-looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performances or achievements of the Company to be materially different from the results, performances or expectations implied by these forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96175

(Adds details on EV industry, Albemarle shares)

Sept 10 (Reuters) – Albemarle Corp, the world's top lithium producer, expects a steep jump in 2022 earnings, as global efforts to combat climate change drive a surge in demand for the battery component used in electric vehicles (EV).

Lithium ion batteries are expected to remain the dominant battery chemistry, especially in transportation, as the world moves to meet stringent targets for cutting carbon emissions.

Last month, the Biden administration took a leap toward the goal of slashing greenhouse gas emissions by issuing an executive order aimed at making half of all new vehicles sold in 2030 electric. [https://bit.ly/2Vy5ZmA ]

Global EV sales topped 2.5 million units last year, a figure that's projected to jump 70% in 2021 and continue to rise through 2040, according to IHS Markit forecasts.

Earlier this year, Albemarle said it would double lithium production at its facility in Silver Peak, Nevada to capitalize on the burgeoning EV market.

The Charlotte, North Carolina-based company said on Friday it expects 2022 full-year adjusted core earnings to be up 25% to 35% from a year earlier.

The company's shares were up 1.89% at $248 before the bell, having risen 65% in the last year as of last close.

Albemarle also introduced its 2026 adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) forecast which it expects to range between $2.2 billion and $2.6 billion.

The company in August set its adjusted EBITDA forecast at $810 million to $860 million for 2021.

Albemarle will host its 2021 Investor Day event on Friday at 8:30 a.m. ET virtually. (Reporting by Rithika Krishna in Bengaluru; Editing by Anil D'Silva and Shinjini Ganguli)

Uranium mining stocks are hot Friday. As Financial Times reports today, the price of uranium yellowcake has soared to its highest level seen since 2014 as private investors bid against nuclear power companies for access to the fuel. Sprott in particular, reports Financial Times, has “snapped up” 6 million pounds of physical uranium, worth about $240 million, over the past couple of months, bringing its total holdings to about 24 million pounds.

Shares of lithium mining company Lithium Americas (NYSE: LAC) closed 7.7% higher on Friday. You can thank rival lithium company Albemarle (NYSE: ALB) for that. In its 2021 Investor Day held Friday, Albemarle told investors that a surge in demand for lithium — which is used to build batteries for electric cars — is going to lift its profits in 2022.

Bullish sentiment appeared to return to markets on Friday morning as a combination of supply disruptions and an apparent detente between the U.S. and China gave oil markets hope.

Oil Prices Today: Friday, September 10th, 2021

With three-quarters of crude production still shut in the Gulf of Mexico, Hurricane Ida remained one of the key factors determining price movements this week. In addition to tight US supplies, with the EIA reporting a 1.5 million b/d week-on-week drop in total production, Friday provided some additional bullish sentiment as the Xi-Biden phone call sparked hopes of a smoother US-China relationship, offsetting downside factors like the Chinese strategic stock auction. As of today, Brent traded around $73 per barrel, whilst WTI was just south of $70 per barrel.

China Releases Strategic Reserves of Crude.

For the first time ever, China’s Strategic Reserves Administration will hold an auction on SPR volumes to be provided to integrated refiners and chemical plants (i.e. state-owned firms) in a bid to tame increasing feedstock prices.

Related: 3 Bearish Catalysts For Oil This Fall

US Natgas Futures Hit $5/mmBtu For First Time Since 2014.

US natural gas futures soared this week as expectations of warmer-than-anticipated weather coincided with Hurricane Ida-induced production outages, with October delivery prices surpassing the $5 per mmBtu mark for the first time since February 2014.

Saudi Aramco Moves into Steel.

Moving beyond its traditional sphere of activity, the world’s largest oil producer Saudi Aramco (Tadawul:2222) signed a deal with Chinese steelmaker Baoshan (600019) to build a steel plate factory in Saudi Arabia, marking the second metals-related venture of the Saudi NOC.

Libyan Export Terminals Blocked by Protesters.

Libya’s Es Sider and Ras Lanuf terminals were blocked by protesters who forced vessels to halt loading operations as calls for the dismissal of NOC head Mustafa Sanalla gained strength, in what might trigger another prolonged period of infighting in the North African country.

Gazprom Waits for German Nod on Nord Stream 2.

Having completed the construction of the Nord Stream 2 gas pipeline, Russian gas giant Gazprom (MCX:GAZP) is now waiting for an approval from Germany’s regulator, a process that could take several months.

LyondellBasell Eyes Houston Refinery Exit.

US chemicals firm LyondellBasell (NYSE:LYB) is reportedly trying to sell its 265kbpd Houston Refinery as soon as possible. This is the second time LyondellBasell has attempted to sell after the 2016 talks with Saudi Aramco yielded no result.

Papua New Guinea Might Derail Santos Merger.

Fearing that the pending merger between Australian energy firms Santos (ASX:STO) and Oil Search (ASX:OSH)might give the company too much control over PNG oil and gas, the Papua New Guinea government is mulling its options to veto the deal.

India Expedites Ethanol Blending Target.

The Indian government brought forward its 2030 objective to see 20% ethanol blending in gasoline flows by five years to 2025, requiring an effective tripling of its ethanol production and breathing life into its grain-to-ethanol output which has been all but non-existent so far, relying primarily on sugarcane.

Nigeria’s NNPC Mulls IPO Options.

Nigeria’s state-owned oil company NNPC, which is to become a limited liability company under the country’s new oil code, could consider an initial public offering within three years, buoyed by news that the company recorded its first-ever profit last year, Reuters reports.

Exxon Tries Methane Integrity Grading.

Under increasing pressure from environmentalist groups, US major ExxonMobil (NYSE:XOM) will offer some of its gas assets in the Permian Basin for a third-party assessment on potential methane leaks from its production sites.

Colombia Desperate for New Upstream Investment.

The Colombian government is pinning its hopes on a November licensing round that will see the national hydrocarbons agency offering 28 areas of potential interest, desperate to breathe new life into its declining production rates. Colombia’s oil reserves have fallen to the equivalent of 6 years’ production.

PEMEX Impacted by KMZ Explosion After All.

Despite PEMEX claiming to have fully recovered from the Ku-Maloob-Zaap platform explosion in late August, Mexico’s Finance Ministry revised its 2022 crude production estimate downwards by some 50,000 b/d to 1.826 million b/d. The draft version of Mexico’s 2022 budget also has PEMEX’s profit-sharing duty dropping from the current rate of 54% to 40%.

BHP Teams Up with Billionaire-Backed Firm.

Australian miner BHP (NYSE:BHP)signed a partnership deal with Kobold Metals, a recently launched AI exploration company that is backed by Bill Gates, Michael Bloomberg, and Jeff Bezos, in a bid to find more battery metals like copper and nickel in Australia.

Hyundai to Present Next-Gen Hydrogen Technology.

The South Korean carmaker Hyundai Motors (KRX:005380) pledged to present its new hydrogen drivetrain in 2023, with the aim of applying fuel cell systems to all commercial models by 2028, claiming overall costs would be some 50% lower than currently existing technologies.

Nickel Prices Soar Despite Chinese Stock Releases.

Nickel prices rose to their highest level in 7 years – going beyond $20,200 per metric ton – as continuously robust demand has started to reduce global stockpiles. Most notably Shanghai warehouse stocks have decreased by 80% year-on-year, standing at less than 6,000 tonnes.

By Tom Kool for Oilprice.com

More Top Reads From Oilprice.com:

• Why Hedge Funds Are Turning Bullish On Oil Again
  

• The Major Problem With EVs No One Is Talking About

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Read this article on OilPrice.com

Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, September 10th:

Columbia Sportswear Company COLM: This global leader in design, sourcing, marketing and distribution of active outdoor apparel and footwear carries a Zacks Rank #1 (Strong Buy) and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.2% over the last 60 days.

Columbia Sportswear Company Price and Consensus

Columbia Sportswear Company price-consensus-chart | Columbia Sportswear Company Quote

Columbia Sportswear has a PEG ratio of 0.65, compared with 1.03 for the industry. The company possesses a Growth Score of B.

Columbia Sportswear Company PEG Ratio (TTM)

Columbia Sportswear Company peg-ratio-ttm | Columbia Sportswear Company Quote

Tecnoglass Inc. TGLS: This company that is engaged in manufacturing and selling architectural glass and windows and aluminum products carries a Zacks Rank #1 and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.4% over the last 60 days.

Tecnoglass Inc. Price and Consensus

Tecnoglass Inc. price-consensus-chart | Tecnoglass Inc. Quote

Tecnoglass has a PEG ratio of 0.82, compared with 1.29 for the industry. The company possesses a Growth Score of A.

Tecnoglass Inc. PEG Ratio (TTM)

Tecnoglass Inc. peg-ratio-ttm | Tecnoglass Inc. Quote

Boise Cascade Company BCC: This company that operates as a wood products manufacturer and building materials distributor carries a Zacks Rank #1 and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.8% over the last 60 days.

Boise Cascade Company Price and Consensus

Boise Cascade Company price-consensus-chart | Boise Cascade Company Quote

Boise Cascade has a PEG ratio of 0.35, compared with 1.02 for the industry. The company possesses a Growth Score of B.

Boise Cascade Company PEG Ratio (TTM)

Boise Cascade Company peg-ratio-ttm | Boise Cascade Company Quote

The Mosaic Company MOS: This leading crop nutrition company carries a Zacks Rank #1 and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 53.1% over the last 60 days.

The Mosaic Company Price and Consensus

The Mosaic Company price-consensus-chart | The Mosaic Company Quote

The Mosaic Co. has a PEG ratio of 0.93, compared with 1.16 for the industry. The company possesses a Growth Score of B.

The Mosaic Company PEG Ratio (TTM)

The Mosaic Company peg-ratio-ttm | The Mosaic Company Quote

See the full list of top ranked stocks here.

Learn more about the Growth score and how it is calculated here.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Columbia Sportswear Company (COLM) : Free Stock Analysis Report

The Mosaic Company (MOS) : Free Stock Analysis Report

Boise Cascade, L.L.C. (BCC) : Free Stock Analysis Report

Tecnoglass Inc. (TGLS) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

NEW YORK, NY / ACCESSWIRE / September 10, 2021 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.

Coinbase Global, Inc. (NASDAQ:COIN)
This lawsuit is on behalf of all persons and entities that purchased or otherwise acquired Coinbase Class A common stock pursuant and/or traceable to the Company's registration statement and prospectus for the resale of up to 114,850,769 shares of its Class A common stock, whereby Coinbase began trading as a public company on or around April 14, 2021.
Lead Plaintiff Deadline: September 20, 2021

During the class period, Coinbase Global, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) the Company required a sizeable cash injection; (2) the Company's platform was susceptible to service-level disruptions, which were increasingly likely to occur as the Company scaled its services to a larger user base; and (3) as a result of the foregoing Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Learn about your recoverable losses in COIN: https://www.kleinstocklaw.com/pslra-1/coinbase-global-inc-loss-submission-form?id=19491&from=1

Piedmont Lithium Inc. (NASDAQ:PLL)
Class Period: March 16, 2018 – July 19, 2021
Lead Plaintiff Deadline: September 21, 2021

Throughout the class period, Piedmont Lithium Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) Piedmont has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (2) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (3) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (4) Piedmont and its lithium business does not have "strong local government support"; and (5) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

Learn about your recoverable losses in PLL: https://www.kleinstocklaw.com/pslra-1/piedmont-lithium-inc-loss-submission-form?id=19491&from=1

Oatly Group AB (NASDAQ:OTLY)
Class Period: May 20, 2021 – July 15, 2021
Lead Plaintiff Deadline: September 24, 2021

The OTLY lawsuit alleges that Oatly Group AB made materially false and/or misleading statements and/or failed to disclose that: (a) Oatly overinflated its gross margins, revenue, capital expenditure, and market share financial metrics; (b) the Company overstated its sustainability practices and impact; (c) the Company exaggerated its growth in China; and (c) as a result of the foregoing, Oatly's statements about its operations, business, and prospects were misleading during the Class Period.

Learn about your recoverable losses in OTLY: https://www.kleinstocklaw.com/pslra-1/oatly-group-ab-loss-submission-form?id=19491&from=1

Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

SOURCE: The Klein Law Firm

View source version on accesswire.com:
https://www.accesswire.com/663583/The-Klein-Law-Firm-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders-of-COIN-PLL-and-OTLY

Vancouver, British Columbia–(Newsfile Corp. – September 10, 2021) – Great Atlantic Resources (TSXV: GR) (FSE: PH02) has completed the first seven drill holes of the 2021 diamond drilling program at its Keymet Base Metal/Precious Metal Property. The 100% owned, 3,400 hectare property, located approximately 20 kilometres northwest of Bathurst, in northeastern New Brunswick, Canada, has excellent access with paved roads, including a provincial highway, transecting the property.

For more information, please view the InvestmentPitch Media "video" which provides additional information about this news and the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Great Atlantic" in the search box.

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The drilling program is testing numerous target areas of polymetallic veins, untested electromagnetic anomalies, gold bearing bedrock and float, in the northwest region of the property. Five of the seven holes intersected veins hosting copper, zinc and lead sulfide mineralization, including veins with semi-massive sulfides. Five of the seven holes intersected intervals with arsenopyrite mineralization in a region where previous work by the company identified gold mineralization associated with arsenopyrite mineralization. Analytical results are pending on the first seven holes.

The company is also conducting prospecting and rock/soil geochemical sampling during 2021 in the central region of the property with a focus on gold.

Great Atlantic diamond drilling during 2015, 2017 and 2018 at the Elmtree 12 polymetallic vein system within the northwest region intersected high grade silver, copper and zinc mineralization in veins within a north-south trending, sub-vertical system. Hole Ky-18-14 reported an intercept of 9.04% zinc, 9.18% copper, and 1,158 grams per tonne silver over a 3.0 meter core length. A previously discovered boulder from a float sample from 2011 returned 51 grams per tonne gold. Channel samples from a gold-bearing zone exposed in a 2012 trench averaged 1.09 grams per tonne gold over 11.78 meters.

High grade silver and lead is reported at the Elmtree Silver Mine historic workings by the New Brunswick Department of Energy and Resource Development. The Keymet Property hosts the historic Keymet Mine, located in the northwest region of the property. The Keymet Mine operated during the mid-1950s, producing copper, lead, zinc and silver before production was terminated in 1956 due to a fire at the site. Reported production at the Keymet Mine during 1954-1956 was 59,000 tonnes averaging 2.59% zinc, 2.44% lead, 0.25% copper and 33.94 g/t silver.

The historic Nigadoo River Mine is located approximately 4 km south of the Keymet Property, where massive sulfide veins were mined during the 1960s and 1970s with copper, lead, zinc and silver being produced. Production during 1967-1971 is reported as 1.126 million tonnes at 2.2% lead, 2.1% zinc, 0.24% copper and 92.57 g/t silver. Three gold deposits with reported mineral resources are located within adjacent mineral claims, approximately 2 kilometers southwest of the Keymet Property boundary.

Great Atlantic has no interest in these deposits, and management cautions that mineralization at these adjacent mineral claims is not necessarily indicative of mineralization on the Keymet Property.

Great Atlantic, with a number of properties in the Atlantic provinces, is utilizing a Project Generation model, with a special focus on critical elements which are prominent in Atlantic Canada, such as Antimony, Tungsten and Gold.

For more information, please visit the company's website www.GreatAtlanticResources.com, contact Christopher R. Anderson, President & CEO, at 604-488-3900 or email office@GreatAtlanticResources.com. For Investor Relations contact Andrew Job at 416-628-1560 or IR@GreatAtlanticResources.com.

About InvestmentPitch Media

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CONTACT:
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96105

RADNOR, Pa., Sept. 09, 2021 (GLOBE NEWSWIRE) — The law firm of Kessler Topaz Meltzer & Check, LLP reminds Piedmont Lithium Inc. f/k/a Piedmont Lithium Limited (NASDAQ: PLL) (“Piedmont”) investors that a securities fraud class action lawsuit has been filed in the United States District Court for the Eastern District of New York against Piedmont on behalf of those who purchased or acquired Piedmont securities between March 16, 2018 and July 19, 2021, inclusive (the “Class Period”).

Lead Plaintiff Deadline: September 21, 2021

Website: https://www.ktmc.com/piedmont-lithium-class-action-lawsuit?utm_source=PR&utm_medium=Link&utm_campaign=piedmont

Contact: James Maro, Esq. (484) 270-1453
Toll free (844) 887-9500

Piedmont engages in the exploration and development of resource projects. Throughout the Class Period, Piedmont informed investors regarding its plan for completing necessary permitting and zoning activities required to commence mining and processing operations in North Carolina. The truth began to emerge on July 20, 2021. Before market hours, Reuters published an article entitled “In push to supply Tesla, Piedmont Lithium irks North Carolina neighbors” which reported serious issues regarding Piedmont’s regulatory status in North Carolina.

The complaint alleges that throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) Piedmont had not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (2) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (3) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (4) Piedmont and its lithium business did not have “strong local government support”; and (5) as a result, the defendants’ public statements were materially false and/or misleading at all relevant times.

Piedmont investors may, no later than September 21, 2021, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP, or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. In order to be appointed as a lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.

CONTACT:

Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
280 King of Prussia Road
Radnor, PA 19087
(844) 887-9500 (toll free)
info@ktmc.com

Vancouver, British Columbia–(Newsfile Corp. – September 10, 2021) – Blue River Resources Ltd. (TSXV: BXR) (OTC Pink: BRVRF) (FSE: 0BL) (the "Company") announces that, further to its news releases of April 26, 2021 and June 23, 2021, and subject to the approval of the TSX Venture Exchange (the "Exchange"), it has closed its non-brokered private placement (the "Private Placement") raising gross proceeds of $650,000 through the issuance of 43,333,333 units (the "Units") at a price of $0.015 per Unit.

Each Unit consists of one common share (a "Share") in the capital of the Company and one transferable share purchase warrant (a "Warrant") with each Warrant exercisable to purchase one additional Share of the Company at a price of $0.05 per Share for a period of 3 years from the date of closing of the Private Placement.

Pursuant to the Exchange bulletins dated April 8, 2020, December 15, 2020 and June 17, 2021 regarding temporary relief of $0.05 minimum pricing requirement, the Company submitted an application and received approval from the Exchange for the minimum waiver.

No finder's fees were paid in connection with the Private Placement.

The Shares and Warrants are subject to a 4-month hold period in Canada and the Exchange Hold Period.

The following is a summary of the use of proceeds allocation:

Use of Proceeds Summary

 

The proceeds from the Private Placement will be used for mineral exploration on the Company's Castle Copper project, located between Copper Mountain Mining and Kodiak Copper on the prolific Nicola Volcanic Trend, within the larger Quesnel Trough Copper belt, and for general working capital.

ON BEHALF OF THE BOARD OF DIRECTORS

Griffin Jones
President
604.682.7339
www.blueriv.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96086

LOS ANGELES, CA / ACCESSWIRE / September 10, 2021 /The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Piedmont Lithium Inc. ("Piedmont" or "the Company") (NASDAQ:PLL) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between March 16, 2018 and July 19, 2021, inclusive (the ''Class Period''), are encouraged to contact the firm before September 21, 2021.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Piedmont would not follow the steps or timeline to secure all necessary permits from governmental agencies. The Company failed to inform appropriate governmental agencies and authorities of its planned activities. The Company failed to file applications with relevant authorities including the state and local governments. Despite its claims, the Company did not have "strong local government support." Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Piedmont, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com

SOURCE: The Schall Law Firm

View source version on accesswire.com:
https://www.accesswire.com/663558/FINAL-DEADLINE-IMMINENT-The-Schall-Law-Firm-Reminds-Investors-of-a-Class-Action-Lawsuit-Against-Piedmont-Lithium-Inc-and-Encourages-Investors-with-Losses-in-Excess-of-100000-to-Contact-the-Firm

A month has gone by since the last earnings report for EnerSys (ENS). Shares have lost about 14.9% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is EnerSys due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.

EnerSys Q1 Earnings Surpass Estimates, Sales Lag

EnerSys reported mixed results for first-quarter fiscal 2022 (ended Jul 4, 2021). Its earnings surpassed estimates by 4.17%, while sales lagged the same by 0.03%.

The company’s earnings in the fiscal first quarter were $1.25 per share, surpassing the Zacks Consensus Estimate of $1.20. The quarterly earnings grew 35.9% from the year-ago quarter’s figure of 92 cents per share on sales improvement, partially offset by an increase in costs and expenses.

Revenue Details

In the reported quarter, EnerSys’ net sales amounted to $814.9 million, up 15.6% year over year. The results benefitted from 12% growth in volumes and a 4% positive impact from foreign currency movements.

The company noted that the top line benefitted from strength across all the segments. Backlog, exiting the reported quarter, was at $850 million.

However, EnerSys’ top line lagged the Zacks Consensus Estimate of $815 million.

Geographically, the company’s net sales increased 13% year over year to $557 million in the Americas, while the metric witnessed growth of 27% to $201 million in Europe, Middle East and Africa. Sales in Asia were $57 million, reflecting an increase of 3% from the year-ago quarter.

The company reports revenues under three segments. A brief discussion of the quarterly results is provided below:

Energy Systems’ sales were $371.2 million, up 5% year over year. Volume was up 3% and pricing had an adverse impact of 1%. Foreign currency translations benefitted by 3%.

The Motive Power segment generated revenues of $336.1 million, increasing 27.9% year over year. The results were driven by 22% growth in volumes, 1% positive contribution from pricing and 5% of forex tailwinds.

Specialty’s sales were $107.6 million, up 21.3% year over year. Volumes grew 18% in the quarter, while pricing and foreign currency translations had positive impacts of 1% and 2%, respectively.

Margin Profile

In the reported quarter, EnerSys’ cost of sales increased 17.3% year over year to $621.7 million. Cost of sales was 76.3% of the quarter’s net sales. Gross profit in the quarter grew 10.4% year over year to $193.2 million, while gross margin fell 110 basis points (bps) year over year to 23.7%.

Operating expenses increased 3.4% year over year to $124.5 million. It represented 15.3% of net sales in the reported quarter versus 17.1% in the year-ago quarter. Adjusted operating earnings were $75.1 million, reflecting year-over-year growth of 22.7%. Margin increased 50 bps year over year to 9.2%.

The company’s performance in the quarter suffered from shortages in transportation, raw material and labor. Measures to deal with these issues were taken.

Balance Sheet & Cash Flow

Exiting the first quarter of fiscal 2022, EnerSys had cash and cash equivalents of $406.2 million, down 10.1% from $451.8 million recorded in the last reported quarter. Long-term debt increased 5.2% sequentially to $1,020.4 million.

In the reported quarter, the company repaid a term loan of $11.4 million and revolving credit borrowings of $5.7 million. However, proceeds for revolving credit borrowings were $65.7 million in the quarter.

The company used net cash of $48.1 million for its operating activities in the quarter against net cash generation of $116.6 million in the year-ago quarter. Capital expenditure totaled $16.4 million compared with $26.3 million in the prior-year quarter.

EnerSys rewarded shareholders with a dividend payout of $7.4 million in first-quarter fiscal 2022. Shares repurchased amounted to $31.5 million.

Outlook

Though supply-chain constraints will be headwinds in the near term, EnerSys anticipates gaining from the healthy demand for products across all businesses.

How Have Estimates Been Moving Since Then?

In the past month, investors have witnessed a downward trend in fresh estimates. The consensus estimate has shifted -18.04% due to these changes.

VGM Scores

At this time, EnerSys has a nice Growth Score of B, however its Momentum Score is doing a bit better with an A. Following the exact same course, the stock was allocated a grade of A on the value side, putting it in the top quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook

Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise EnerSys has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Enersys (ENS) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.

DALLAS, Sept. 10, 2021 /PRNewswire/ — Cushing^® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing^® MLP Market Cap Index (the "Index") as part of normal index operations. After the markets close on September 17, 2021, the 30 constituents of the Index will be rebalanced, and the following changes will be effective on September 20, 2021:

Constituent added:
Alliance Resource Partners, L.P. (NASDAQ: ARLP)

Constituent removed:
Global Partners LP (NYSE: GLP)

ABOUT THE CUSHING^® MLP MARKET CAP INDEX

The Cushing^® MLP Market Cap Index provides a benchmark that is designed to track the performance of widely held midstream energy infrastructure companies, including master limited partnerships (MLPs) and non-MLP midstream corporations (each, a "Midstream Company" and collectively, "Midstream Companies"). The Index is weighted on a float-adjusted market capitalization basis, with the weight of each constituent capped at 7.5% at rebalance. The Index price level is calculated by S&P Dow Jones Indices while the constituents are selected from the entire universe of publicly traded Midstream Companies. The Cushing^® MLP Market Cap Index is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker "CMCI".

ABOUT CUSHING^® ASSET MANAGEMENT AND SWANK CAPITAL

Cushing^® Asset Management, LP ("Cushing"), a subsidiary of Swank Capital, LLC, is an SEC-registered investment adviser headquartered in Dallas, Texas. Cushing serves as investment adviser to affiliated funds and managed accounts, providing active management in markets where inefficiencies exist.

Contact:
Jon Abel
214-692-6334
http://www.cushingasset.com/

The Cushing^® MLP Market Cap Index (the "Index") is the property of Swank Capital, LLC, and Cushing Asset Management, LP, which have contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) to calculate and maintain the Index. The Index is not sponsored by S&P Dow Jones Indices or its affiliates or its third party licensors (collectively, "S&P Dow Jones Indices"). S&P Dow Jones Indices will not be liable for any errors or omissions in calculating the Index. "Calculated by S&P Dow Jones Indices" and the related stylized mark(s) are service marks of S&P Dow Jones Indices and have been licensed for use by Cushing Asset Management, LP. S&P^® is a registered trademark of Standard & Poor's Financial Services LLC ("SPFS"), and Dow Jones^® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones").

View original content:https://www.prnewswire.com/news-releases/cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-mlp-market-cap-index-301373217.html

SOURCE Cushing® Asset Management, LP and Swank Capital, LLC

VANCOUVER, BC, Sept. 10, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: Nortec Minerals Corp.

TSX-Venture Symbol: NVT

All Issues: Yes

Reason: At the Request of the Company Pending News

Halt Time (ET): 9:34

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

View original content: http://www.newswire.ca/en/releases/archive/September2021/10/c3613.html

OTTAWA, Sept. 10, 2021 (GLOBE NEWSWIRE) — Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV:CGP) (OTC:CTNXF) (FWB:GWN1) is pleased to announce the following drilling update on its Tandayama-America (TAM) porphyry copper-gold mineralized target located 3km north of the Alpala Deposit¹ at its Cascabel copper-gold porphyry joint venture project in northern Ecuador (see Figure 1) in which Cornerstone has a 15% interest² financed through to completion of a feasibility study plus 6.86% of the shares of joint venture partner and Project operator SolGold Plc, for a total direct and indirect interest in Cascabel of 20.8%.

Figures referenced in this news release can be viewed through the following link: https://cornerstoneresources.com/site/assets/files/5826/nr21-16figures.pdf.

Highlights

• Highlights of drill hole assays received from Hole 13 at TAM include encouraging results comprising the best intersections to date (see Table 1 in Figures) and intervals above 1% copper equivalent (CuEq)³3:

  • 1,010m @ 0.55% CuEq from 194m depth, including:

    • 824m @ 0.63% CuEq from 194m

    • 736m @ 0.69% CuEq from 246m

    • 392m @ 0.93% CuEq from 246m

    • 72m @ 1.20% CuEq from 314m

    • 132m @ 1.09% CuEq from 498m

• Hole 13 results indicate the potential for significant depth extensions amenable to bulk underground mining methods at TAM. Mineralization forms a northwest trending corridor, occupying an area approximately 1,200m long, up to 750m wide, and extending from surface to a depth of over 1,200m. The TAM target remains open to the south and east and at depth.

• Highlights of drill hole assays received from Holes 8-12 at TAM include:

  • Hole 11: 234m @ 0.48% CuEq (from 494m), including 96m @ 0.87% CuEq (from 498m) and 54m @ 1.18% CuEq (from 502m)

  • Hole 12: 566m @ 0.32% CuEq (from 730m), including 228m @ 0.53% CuEq (from 780m)

• Assay results from drill holes 14-23 are pending and drilling of Holes 24-27 is currently underway. Drilling to date totals >18,500m with a further 9,200m planned through the end of the year using the existing four diamond drill rigs (see Figure 2).

• Hole 24 is currently drilling approximately 160m northwest and 160m deeper than Hole 13 and has encountered intense mineralization from 507 metres depth in an early quartz diorite intrusion. This zone is interpreted as an extension of the strong mineralization encountered in Hole 13 and includes up to 85% B-type quartz-chalcopyrite veining with approximately 2% visible chalcopyrite and trace visible gold mineralization (see Figure 4).

• The geological character of the porphyry stocks / dykes encountered through drilling to date indicate a well-preserved porphyry system and the full size and strength of the TAM system has not yet been tested. Additional surface geochemical anomalies (A1 and A2) to the east of the current drilling area require drill testing for deeper portions of the system (Figure 2).

• A National Instrument 43-101 compliant Maiden Mineral Resource Estimate is underway and is planned for release later in 2021.

SolGold Executive Board Member, Head of Exploration and ENSA President, Jason Ward, commented on the work being advanced at Cascabel:

“The TAM target at Cascabel is just 3km north of Alpala, and additional copper and gold mineralization at TAM will add to the already impressive metal inventory at Cascabel. Drilling results at TAM to date, and preliminary work utilizing Leapfrog GEO and EDGE software is revealing a prospective bi-modal resource that appears amenable to both bulk surface mining methods as well as bulk underground mining methods. The potential upside of higher-grade depth extensions beneath TAM is also adding exciting possibilities to the still growing Cascabel project.

Geotechnical, hydrogeological and metallurgical data is already being prepared to facilitate the conversion of future resources to reserves, and this seems likely to have a major beneficial impact on the development of the Cascabel property as a whole as studies progress in 2022.”

* The reader is cautioned that there has been insufficient exploration to define a mineral resource at TAM and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Further Information

The TAM target lies approximately 3km north of the Alpala Deposit, located on the Cascabel concession within Imbabura Province in northern Ecuador. The project area lies approximately 100 km north of the capital city of Quito and approximately 50 km north-northwest of the provincial capital, Ibarra (Figure 1).

Cross sections through the centre of the target are provided in Figure 3.

Qualified Person

Information in this report relating to the exploration results is based on data reviewed by Jason Ward ((CP) B.Sc. Geol.), the Chief Geologist of SolGold Plc, the Project operator. Mr. Ward is a Fellow of the Australasian Institute of Mining and Metallurgy, holds the designation FAusIMM (CP), and has in excess of 20 years’ experience in mineral exploration and is a Qualified Person for the purposes of National Instrument 43-101. Mr Ward consents to the inclusion of the information in the form and context in which it appears.

Yvan Crepeau, MBA, P.Geo., Cornerstone's Vice President, Exploration and a qualified person in accordance with National Instrument 43-101, is responsible for supervising the exploration program at the Cascabel project for Cornerstone and has reviewed and approved the information contained in this news release.

About Cornerstone

Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including the Cascabel gold-enriched copper porphyry joint venture in northwest Ecuador. Cornerstone has a 20.8% direct and indirect interest in Cascabel comprised of (i) a direct 15% interest in the project financed through to completion of a feasibility study and repayable at Libor plus 2% out of 90% of its share of the earnings or dividends from an operation at Cascabel, plus (ii) an indirect interest comprised of 6.86% of the shares of joint venture partner and project operator SolGold Plc. Exploraciones Novomining S.A. (“ENSA”), an Ecuadoran company owned by SolGold and Cornerstone, holds 100% of the Cascabel concession. Subject to the satisfaction of certain conditions, including SolGold’s fully funding the project through to feasibility, SolGold Plc will own 85% of the equity of ENSA and Cornerstone will own the remaining 15% of ENSA.

Further information is available on Cornerstone’s website: www.cornerstoneresources.com and on Twitter. For investor, corporate or media inquiries, please contact ir@cornerstoneresources.ca, or:

Investor Relations:
Mario Drolet; Email: Mario@mi3.ca; Tel. (514) 904-1333

Due to anti-spam laws, many shareholders and others who were previously signed up to receive email updates and who are no longer receiving them may need to re-subscribe at http://www.cornerstoneresources.com/s/InformationRequest.asp

Cautionary Notice:
This news release may contain ‘Forward-Looking Statements’ that involve risks and uncertainties, such as statements of Cornerstone’s beliefs, plans, objectives, strategies, intentions and expectations. The words “potential,” “anticipate,” “forecast,” “believe,” “estimate,” “intend,” “trends,” “indicate,” “expect,” “may,” “should,” “could,” “project,” “plan,” or the negative or other variations of these words and similar expressions are intended to be among the statements that identify ‘Forward-Looking Statements.’ Although Cornerstone believes that its expectations reflected in these ‘Forward-Looking Statements’ are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements. Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views after the date of this news release. While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein except where outcomes have varied materially from the original statements.

On Behalf of the Board,
Brooke Macdonald
President and CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

¹ The Alpala deposit comprises 2,663 Mt at 0.53% CuEq in the Measured plus Indicated categories and contained metal content of 9.9 Mt Cu, 21.7 Moz Au and 92.2 Moz Ag. The deposit measures approximately 900m in height and 500m diameter. See “Cascabel Property NI 43-101 Technical Report, Alpala Porphyry Copper-Gold-Silver Deposit – Mineral Resource Estimation, January 2021” with an Effective date: 18 March 2020 and Amended Date: 15 January 2021 (the “Amended Technical Report”), filed at www.Sedar.com on January 29, 2021: https://cornerstoneresources.com/site/assets/files/5574/2101_cascabel_mre3.pdf.

² See “About Cornerstone” below.

³ Copper Equivalent is currently calculated (assuming 100% recovery of copper and gold) using a Gold Conversion Factor of 0.751 (CuEq = Cu + Au x 0.751), calculated from a current nominal copper price of US$3.30/lb and a gold price of US$1,700/oz.

NEW YORK, NY / ACCESSWIRE / September 10, 2021 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. There will be no obligation or cost to you.

Stable Road Acquisition Corp. (NASDAQ:SRAC)

If you suffered a loss, contact us at:https://www.wongesq.com/pslra-1/stable-road-acquisition-corp-loss-submission-form?prid=19486&wire=1
Lead Plaintiff Deadline: September 13, 2021
Class Period: October 7, 2020 – July 13, 2021

Allegations against SRAC include that: (a) Stable Road's acquistion target, Momentus's 2019 test of its key technology, a water plasma thruster, had failed to meet Momentus's own public and internal pre-launch criteria for success, and was conducted on a prototype that was not designed to generate commercially significant amounts of thrust; (b) the U.S. government had conveyed that it considered Momentus's Chief Executive Officer a national security threat, jeopardizing his continued leadership of Momentus and Momentus's launch schedule and business prospects; (c) consequently, the revenue projections and business and operational plans provided to investors regarding Momentus and the commercial viability and timeline of its products were materially false and misleading and lacked a reasonable basis in fact; and (d) Stable Road had failed to conduct appropriate due diligence of Momentus and its business operations and defendants had materially misrepresented the due diligence activities being conducted by Stable Road executives and its sponsor in connection with the merger.

Piedmont Lithium Inc. (NASDAQ:PLL)

If you suffered a loss, contact us at:https://www.wongesq.com/pslra-1/piedmont-lithium-inc-loss-submission-form?prid=19486&wire=1
Lead Plaintiff Deadline: September 21, 2021
Class Period: March 16, 2018 – July 19, 2021

Allegations against PLL include that: (1) Piedmont has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (2) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (3) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (4) Piedmont and its lithium business does not have "strong local government support"; and (5) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

Oatly Group AB (NASDAQ:OTLY)

If you suffered a loss, contact us at:https://www.wongesq.com/pslra-1/oatly-group-ab-loss-submission-form?prid=19486&wire=1
Lead Plaintiff Deadline: September 24, 2021
Class Period: May 20, 2021 – July 15, 2021

Allegations against OTLY include that: (a) Oatly overinflated its gross margins, revenue, capital expenditure, and market share financial metrics; (b) the Company overstated its sustainability practices and impact; (c) the Company exaggerated its growth in China; and (c) as a result of the foregoing, Oatly's statements about its operations, business, and prospects were misleading during the Class Period.

To learn more contact Vincent Wong, Esq. either via email vw@wongesq.com or by telephone at 212.425.1140.

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com

SOURCE: The Law Offices of Vincent Wong

View source version on accesswire.com:
https://www.accesswire.com/663543/SHAREHOLDER-ALERT-SRAC-PLL-OTLY-The-Law-Offices-of-Vincent-Wong-Reminds-Investors-of-Important-Class-Action-Deadlines

VANCOUVER, BC, Sept. 10, 2021 /CNW/ – Trading resumes in:

Company: Nortec Minerals Corp.

TSX-Venture Symbol: NVT

All Issues: Yes

Resumption (ET): 8:00 AM 9/13/2021

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

View original content: http://www.newswire.ca/en/releases/archive/September2021/10/c3223.html

Company highlights operating model designed for execution excellence; Provides 2026 financial targets

CHARLOTTE, N.C., Sept. 10, 2021 /PRNewswire/ — Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, will host its 2021 Investor Day event today at 8:30 a.m. ET. The event will be held virtually and by webcast to ensure the safety of all participants.

Chairman and CEO Kent Masters will be joined by EVP and CFO Scott Tozier, the presidents of Albemarle's three global businesses, and additional executives to discuss the company's strategy for long-term growth. Highlights will include a review of the company's new operating model, its strategic and financial objectives, and relevant market outlooks.

Key Themes for 2021 Investor Day

• Advancing industry-leading businesses with differentiated competitive advantages

• Executing a clear strategy to accelerate growth and sustainability

• Implementing a focused operating model – the Albemarle Way of Excellence – to ensure execution is aligned with strategy to create long-term value

• Building battery grade lithium conversion capacity to meet significant growth in customer demand while generating attractive returns

• Applying expertise and capabilities in Catalysts to expand presence in developing geographies and new renewable markets

• Investing in Bromine to expand production capabilities and capitalize on the attractive growth of end-markets while also improving the sustainability of operations

"We see exciting growth opportunities ahead for Albemarle, primarily driven by the importance of electrification in the transition to more sustainable sources of energy," said Albemarle CEO Kent Masters. "We are actively implementing our structured operating model, the Albemarle Way of Excellence, to help ensure we successfully achieve our strategic goals. With our focus on sustainable practices, our access to world-class resources, and our position as an industry leader, we aim to maintain a leadership position in all our businesses to serve our customers' growing needs and create shareholder value well into the future."

Our Operating Model – The Albemarle Way of Excellence (AWE)
Albemarle's model includes four operating pillars – Sustainable Approach, High-Performance Culture, Operational Discipline, and Competitive Capabilities. These key competency areas are critical to achieving the company's performance priorities of raising the bar on excellence, delivering outstanding customer experience, and driving greater stakeholder value. "The Albemarle Way of Excellence is designed to ensure enterprise-wide alignment and serve as a blueprint to continually focus our attention on what is needed to better execute our strategy and build a stronger company," added Masters.

Outlook
Albemarle is reaffirming its full-year 2021 guidance and introducing new full-year 2022 outlook and 2026 long-term financial targets. The company continues to expect a modest improvement in full-year 2021 operating performance compared to full year 2020, assuming continued global economic recovery. Full-year 2022 adjusted EBITDA is expected to be up 25% to 35% versus 2021 primarily due to higher pricing and volumes for Lithium and anticipated stronger performance for Catalysts following previous pandemic-related weakness.

Introducing 2026 Long-term Financial Targets

Assumptions for 2026 Long-term Financial Targets

• $100M run-rate productivity savings by 2024

• 20% effective tax rate

• Currency flat at January 2021 rate

• No material economic or pricing cycle disruptions

Event Webcast Details
The company will webcast its Investor Day live which can be accessed through Albemarle Corporation's website at https://investors.albemarle.com/, via the Investor Day website link below or by phone at the following number:

US Toll free: (877) 323-4320

International direct: (873) 415-0279

Passcode: 2549693

Webcast: 2021 Investor Day Website Link

To avoid registration wait times, participants are encouraged to log in to the webcast as the primary listening source.

About Albemarle

Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine, and refining catalysts. We think beyond business-as-usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of world-class resources. In conjunction with our highly experienced and talented global teams, our deep-seated values, and our collaborative customer relationships, we create value-added and performance-based solutions that enable a safer and more sustainable future.

We regularly post information to www.albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, SEC filings and other information regarding our company, its businesses, and the markets it serves.

Forward-Looking Statements

Some of the information presented in this press release, the conference call and discussions that follow, including, without limitation, information related to the timing of active and proposed projects, product development, production capacity, committed volumes, market trends, pricing, financial flexibility, expected growth, anticipated return on opportunities, earnings and demand for our products, input costs, productivity improvements, surcharges, tax rates, stock repurchases, dividends, cash flow generation, costs and cost synergies, capital projects, future acquisition and divestiture transactions, expected benefits from proposed transactions, economic trends, outlook and all other information relating to matters that are not historical facts may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from the views expressed. Factors that could cause actual results to differ materially from the outlook expressed or implied in any forward-looking statement include, without limitation: changes in economic and business conditions; changes in financial and operating performance of our major customers and industries and markets served by us; the timing of orders received from customers; the gain or loss of significant customers; competition from other manufacturers; changes in the demand for our products or the end-user markets in which our products are sold; limitations or prohibitions on the manufacture and sale of our products; availability of raw materials; increases in the cost of raw materials and energy, and our ability to pass through such increases to our customers; changes in our markets in general; fluctuations in foreign currencies; changes in laws and government regulation impacting our operations or our products; the occurrence of regulatory actions, proceedings, claims or litigation; the occurrence of cyber-security breaches, terrorist attacks, industrial accidents, natural disasters or climate change; hazards associated with chemicals manufacturing; the inability to maintain current levels of product or premises liability insurance or the denial of such coverage; political unrest affecting the global economy, including adverse effects from terrorism or hostilities; political instability affecting our manufacturing operations or joint ventures; changes in accounting standards; the inability to achieve results from our global manufacturing cost reduction initiatives as well as our ongoing continuous improvement and rationalization programs; changes in the jurisdictional mix of our earnings and changes in tax laws and rates; changes in monetary policies, inflation or interest rates that may impact our ability to raise capital or increase our cost of funds, impact the performance of our pension fund investments and increase our pension expense and funding obligations; volatility and uncertainties in the debt and equity markets; technology or intellectual property infringement, including cyber-security breaches, and other innovation risks; decisions we may make in the future; the ability to successfully execute, operate and integrate acquisitions and divestitures; uncertainties as to the duration and impact of the coronavirus (COVID-19) pandemic; and the other factors detailed from time to time in the reports we file with the SEC, including those described under "Risk Factors" in our most recent Annual Report on Form 10-K any subsequently filed Quarterly Reports on Form 10-Q. These forward-looking statements speak only as of the date of this press release. We assume no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.

View original content to download multimedia:https://www.prnewswire.com/news-releases/albemarle-to-provide-strategic-update-at-investor-day-301372970.html

SOURCE Albemarle Corporation

Grange Resources Limited (ASX:GRR) will increase its dividend on the 30th of September to AU$0.02. This takes the annual payment to 7.1% of the current stock price, which unfortunately is below what the industry is paying.

Check out our latest analysis for Grange Resources

Grange Resources' Dividend Is Well Covered By Earnings

While yield is important, another factor to consider about a company's dividend is whether the current payout levels are feasible. However, Grange Resources' earnings easily cover the dividend. This means that most of its earnings are being retained to grow the business.

Over the next year, EPS could expand by 41.9% if recent trends continue. If the dividend continues on this path, the payout ratio could be 12% by next year, which we think can be pretty sustainable going forward.

Dividend Volatility

The company has a long dividend track record, but it doesn't look great with cuts in the past. The payments haven't really changed that much since 10 years ago. The dividend has seen some fluctuations in the past, so even though the dividend was raised this year, we should remember that it has been cut in the past.

The Dividend Looks Likely To Grow

With a relatively unstable dividend, it's even more important to evaluate if earnings per share is growing, which could point to a growing dividend in the future. It's encouraging to see Grange Resources has been growing its earnings per share at 42% a year over the past five years. Rapid earnings growth and a low payout ratio suggest this company has been effectively reinvesting in its business. Should that continue, this company could have a bright future.

We Really Like Grange Resources' Dividend

Overall, we think this could be an attractive income stock, and it is only getting better by paying a higher dividend this year. The company is easily earning enough to cover its dividend payments and it is great to see that these earnings are being translated into cash flow. All of these factors considered, we think this has solid potential as a dividend stock.

Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. For example, we've picked out 2 warning signs for Grange Resources that investors should know about before committing capital to this stock. If you are a dividend investor, you might also want to look at our curated list of high performing dividend stock.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

(Bloomberg) — Argentina’s Mendoza province is in talks with some of the world’s top producers of potash to revive a mine that requires an investment of as much as $5 billion at a time of surging fertilizer prices.

Mendoza — better known for its exports of Malbec wine than its vast mineral wealth — took over the Rio Colorado potash project several months ago after years of wrangling with Vale SA. The Brazilian company pulled the plug in 2013 after spending $2.2 billion to build almost half the mine.

Provincial officials have since spoken to several would-be partners to finally put Rio Colorado into production, signing non-disclosure agreements with five of the world’s biggest producers of the crop nutrient, said Emilio Guinazu, director general of province-owned PRC SA, which holds the asset.

Luring investment to Rio Colorado 15 years after Rio Tinto first sought to develop it would be big win — not only for Mendoza, which has struggled to spur new mines because of environmental opposition, but for the whole country, where onerous business rules including capital controls have scared off investors. Guinazu says now is the time because prices of potash are rallying along with other fertilizers as strong demand from farmers collides with a slew of supply disruptions.

“A window of opportunity has begun to open that we don’t want to waste,” he said in an interview Wednesday.

U.S. sanctions against Belarus potash producers are jeopardizing mine expansion there, while pandemic- and hurricane-related shipping disruptions are slowing fertilizer trade. A decision last month by BHP Group to proceed with the $5.7 billion Jansen project in Canada after years of hesitation underscores the market’s buoyant long-term prospects.

Rio Colorado has potential to produce 4.5 million metric tons a year, similar to Jansen, which would require roughly $5 billion. This version of the project needs 500 miles of train track to be built or upgraded to get the potash to an Atlantic port for export to markets like Brazil.

A more likely scenario, Guinazu said, is to attract $1 billion for annual output of 1 million tons, which could be transported by truck, though Mendoza would be prepared to scale down even further just to get the project off the ground. An investment of $200 million would produce enough fertilizer for Argentina and its small neighbor Uruguay, he said.

The province wants to find an investor that would take a majority stake and operate the mine within 18 months. It’s currently looking for an adviser to guide the search.

Because of risks in Argentina, where markets are often intervened, investors need a strong stomach. But they can also be drawn in by specially-designed benefits. For instance, federal and provincial governments are in talks for legislation for oil and gas drillers in the Vaca Muerta shale patch to be able to increase sales abroad and to free some of those export revenues from capital controls. A similar mechanism is under discussion for miners, Guinazu said.

“Without a doubt, some of the benefits in the oil and gas bill are being studied for mining too,” he said.

More stories like this are available on bloomberg.com

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©2021 Bloomberg L.P.

VANCOUVER, British Columbia, Sept. 09, 2021 (GLOBE NEWSWIRE) — Arcus Development Group Inc. (TSX-V:ADG)(“Arcus”) announces that it intends to raise up to $250,000 by way of a non-brokered private placement (the "Offering") of units ("Units") at a price of $0.025 per Unit. Each Unit will consist of one common share in the capital of Arcus and one share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one Arcus common share for a period of two years at a price of $0.05 per share.

The proceeds of the Offering will be used by Arcus as general working capital. The Offering is subject to TSX Venture Exchange ("Exchange") acceptance.

On behalf of Arcus Development Group Inc.

“Ian J. Talbot”

Ian J. Talbot, President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY NOTE: This news release includes certain "forward-looking statements". Other than statements of historical fact, all statements included in this release, including, without limitation, statements regarding future plans and objectives of Arcus Development Group Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Arcus Development Group Inc.’s expectations are the risks detailed herein and from time to time in the filings made by Arcus Development Group Inc. with securities regulators. Those filings can be found on the Internet at http://www.sedar.com.

For additional information contact:

Ian J. Talbot, President and CEO
Arcus Development Group Inc.
ian@arcusdevelopmentgroup.com
Phone: (778) 893.9325
Web: www.arcusdevelopmentgroup.com

MELBOURNE (Reuters) – An executive with mining company Rio Tinto has played down damage to Indigenous Australian heritage, an Aboriginal group said on Thursday, in a submission to an inquiry into widespread destruction of sites of cultural significance.

A spokesman for Rio Tinto said the company declined to comment.

News emerged this year that Rio forerunner Hamersley Iron failed to protect artefacts belonging to the Wintawari Guruma Aboriginal Corporation (WGAC) that had been salvaged from its Marandoo iron ore project including 18,000-year-old evidence showing how people lived during the last Ice Age.

Those and other artefacts were thrown in a Darwin rubbish heap.

The group's complaint centres on a statement by Rio's head of Indigenous Affairs, Brad Welsh, who last month told the Juukan Gorge Inquiry: "We have not identified any evidence that Rio Tinto directed any disposal of artefacts," according to the submission.

The group said such comments showed Rio's "continued lack of regard and respect for Eastern Guruma cultural heritage".

"The comments clearly sought to downplay importance of the cultural material disposed and lessen Rio’s involvement and responsibility for what occurred," the group said in its submission.

Rio Tinto operates six of its 16 mines and three rail lines on the group's traditional lands.

Last year, Rio Tinto triggered a public outcry with the destruction of rock shelters in Western Australia that showed human habitation dating back 46,000 years, during iron ore mining operations.

Welsh told the inquiry that the world's biggest iron ore miner had not been able to put together a "complete picture" of the potential cultural or archaeological value of what was discarded, given the passage of time, and without knowing if its records were complete.

"However, we do recognise that decisions made on the management of these materials may not have adequately considered archaeological and cultural values in the analysis completed," he said, adding that current standards of analysis would be more comprehensive.

(Reporting by Melanie Burton; Editing by Robert Birsel)

MONTREAL, Sept. 09, 2021 (GLOBE NEWSWIRE) — Midland Exploration Inc. (“Midland” or the “Corporation”) (TSX-V: MD) is pleased to announce that the Board of Directors has approved the nomination of Mr. Jean des Rivières as a Director of the Corporation.

“It is a privilege to have Mr. des Rivières join our team. His diversified experience in the exploration and mining industries spanning over 35 years while working in more than 50 countries, makes him an ideal candidate for our Board. He most recently held the position of Vice President Metals Exploration at BHP and previously held managerial and technical positions at Rio Algom, BHP and Noranda. After a successful career, he recently joined the board of directors of First Majestic Silver Corp. and Montero Mining and Exploration Ltd. Mr. des Rivières holds a Bachelor of Science degree in Geology from Université du Québec à Montréal and a Master’s degree of Science in Geology from École Polytechnique de Montréal affiliated to the University of Montreal. We are thrilled to have Jean join Midland. The Corporation will benefit from his knowledge and skill sets in the years to come”, commented the President and CEO, Mr. Gino Roger.

Midland announces that it has granted incentive stock options to Mr. des Rivières to acquire 80,000 common shares at $0.75 per share, for a period of 10 years. These incentive stock options have been granted in accordance with Midland’s Stock Option Plan.

About Midland

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as BHP Canada Inc., Probe Metals Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, Osisko Development Corp., SOQUEM INC., Nunavik Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up the Company portfolio and generate shareholder value.

Gino Roger, President and Chief Executive Officer
Tel.: 450 420-5977
Fax: 450 420-5978
Email: info@midlandexploration.com
Website: www.midlandexploration.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Midland’s periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities.